Is paperless billing a good idea? With hosted business management tools, even the smallest companies can outsource their most time-consuming processes. Nowhere is this more true than in the legal field, where traditional billing practices take 60% of firms longer than a week to complete. By then, mistakes could be hard to spot, which could inadvertently run you afoul of Bar Association billing standards. Are digital billing tools the answer? We’ll explore the advantages of online billing systems and replacing complex paperwork procedures with a streamlined network billing service.
Is Paperless Billing a Good Idea? The Consensus:
According to the vast majority of American and Canadian consumers — approximately 75% — the answer is yes. In fact, paperless billing has become a standard in a variety of industries, and your firm might even be expected to provide the seamless billing experience that only comes with a polished online service.
The Advantages of Online Billing Systems
Legal billing services help small firms without the resources of larger competitors streamline a huge portion of their financial operations with equal effect. It levels the playing field, ensuring your attorneys and paralegals can focus on what they do best, confident that the nuts and bolts of their billing process are firmly accounted for in the background.
Transitioning to modern legal billing services, including paperless billing, is a good idea for numerous reasons, including:
- Consolidated clients, tasks, and billing data
- Easy, user-friendly software
- Remote network access
- Instant data retrieval
- Protection from lost paperwork
- Secure backup systems and password protection
- A uniform format for all billing data
- One-touch bill generation
- Saved time
The Best Way To Streamline Your Billing Practices
So is paperless billing a good idea for you? How can your firm start experiencing the advantages of online billing systems most suitable for legal professionals?
At Simplex BI, our clients depend on our unique combination of software skills, IT experience, and legal industry knowledge. If you’re interested in equipping your law firm with the most advanced online billing services, contact us, and get started today.